SHANGHAI — Share prices on the Beijing Stock Exchange saw a sharp run-up last month, even as the Shanghai and Shenzhen markets continued to languish, amid anticipation of an influx of institutional money into the fledgling bourse.
The benchmark BSE 50 Index surged 27.5% in November, with a record 11.4% gain on Monday alone, quickly picking up steam after a slow start since the exchange’s establishment in November 2021. It outpaced the Shanghai Composite Index’s 0.4% gain for the month, and low single-digit dips for the tech-focused Shanghai STAR 50 and Shenzhen’s ChiNext Index.
The rally was sparked by an announcement on Nov. 17 by China Securities Index Co. that stocks on the Beijing bourse that meet the necessary conditions would be eligible for inclusion in its indexes.
The change is expected to drive “quite a large inflow of passive money,” an analyst at Kaiyuan Securities said.
The CSI 1000 and CSI 2000 indexes, which consist…
